BNB/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 618.015 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 634.8 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Belt Hold’ candlestick pattern is existing. The candles show ‘Bearish Belt Hold’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 644.07 |
| 2nd High | 642 |
| Next High | 634.8 |
| Current Price | 625.070000000 |
| Next Low | 624.020000000 |
| 2nd Low | 624 |
| 3rd Low | 601.23 |
634.8 – 629.74 – 615.24 – 624.020000000 – 624 – 601.23 —
628.270000000 – 628.050000000 —
40.771593899502 – 46.101645774284 —
624.020000000 – 1771689600 —
634.8 – 1771682400
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Belt Hold – Double top chart pattern – –